Which of the Following Would Be Listed as an Asset

question 28

Multiple Choice

Which of the following would be listed as an asset on the balance sheet of a children's clothing shop?

• A) Accounts receivable
• B) Retained earnings
• C) Money owed to vendors
• D) Interest due on startup loan
• E) All of these

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Definitions:

Self-enhancement

The desire to maintain, increase, or protect one's positive self-view.

Fundamental Attribution Error

The tendency to overestimate the influence of personal characteristics and underestimate the influence of situational factors when explaining other people's behavior.

Pessimistic Explanatory

A tendency to explain negative events as being widespread, permanent, and uncontrollable.

Martin Seligman

A psychologist known for his work on positive psychology, learned helplessness, and for promoting concepts such as PERMA to characterize well-being.